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Building Consents Issued: March 2010
Embargoed until 10:45am  –  30 April 2010
Commentary

Residential buildings

Monthly

In March 2010, consents were issued for:

  • 1,501 new dwelling units, including apartments
  • 1,426 new dwelling units, excluding apartments
  • 75 new apartment units.

Excluding apartments, the seasonally adjusted number of new dwellings authorised in March 2010 fell 8.3 percent, after rising 9.8 percent in February 2010. The trend has been increasing since March 2009, but remains at a low level, and the rate of increase has been easing in recent months.

Including apartments, the seasonally adjusted number of new dwellings authorised in March 2010 dropped 0.4 percent, after rising 5.8 percent in February 2010. The trend has been increasing since January 2009 but is showing signs of flattening in recent months.

Apartments contributed 5.0 percent to the number of new dwellings in March 2010, compared with a monthly average of 8.6 percent for the previous 12 months. Apartment numbers can vary considerably from month to month. 

 Graph, New dwellings authorised, including apartment units, monthly, 2003–10.

The value of residential building consents was $528 million in March 2010, 29 percent higher than in March 2009.

Quarterly

The value of residential building consents was $1,392 million in the March 2010 quarter. The trend has been increasing since March 2009, up 29 percent over this period.

Annual

For the March 2010 year compared with the March 2009 year:

  • new dwellings, including apartments, fell 5.3 percent to 15,381 units, the lowest annual total for a March year since 1981
  • new dwellings, excluding apartments, rose 1.2 percent to 14,166 units
  • apartments fell 46 percent to 1,215 units, the lowest annual total for a March year since 1996.

The value of residential building consents was $5,415 million in the March 2010 year, 3.9 percent lower than the March 2009 year. This is the lowest annual total for a March year since 2002.

Regional residential results

More new dwelling units were authorised in 14 of New Zealand’s 16 regions in March 2010 compared with March 2009. In March 2010, numbers rose by 258 units (37 percent) in the North Island and by 152 units (38 percent) in the South Island. 

The regions with the largest increases were:

  • Canterbury, up 118 units (56 percent) to 327
  • Waikato, up 93 units (83 percent) to 205
  • Wellington, up 66 units (103 percent) to 130.

The regions with decreases were:

  • Tasman, down 8 units (32 percent) to 17
  • Southland, down 5 units (17 percent) to 25.

For the year ended March 2010, 13 of New Zealand's 16 regions had fewer dwelling units authorised compared with the previous year. The regions with the largest decreases were:

  • Wellington, down 699 units (36 percent) to 1,269 units
  • Waikato, down 165 units (7.9 percent) to 1,914 units
  • Bay of Plenty, down 81 units (8.0 percent) to 929 units.

The regions with increases were:

  • Hawke's Bay, up 225 units (51 percent) to 667 units
  • Canterbury, up 175 units (6.9 percent) to 2,729 units
  • Taranaki, up 114 units (26 percent) to 553 units.

Graph, New dwellings authorised, by region, year ended March, 2008–10.  

Non-residential buildings

Monthly

The value of non-residential building consents was $345 million in March 2010, a 3.9 percent increase compared with March 2009. Seven of the 11 building types recorded decreases in the value of consents compared with March 2009.

The largest decreases were:

  • offices and administration buildings, down $36 million
  • hostels and boarding houses, down $27 million
  • factories and industrial buildings, down $13 million.

The largest increases were:

  • education buildings, up $39 million 
  • storage buildings, up $30 million
  • social, cultural, and religious buildings, up $24 million.

 Graph, Value of non-residential buildings authorised, by building type (including alterations and additions), monthly, 2008–10.

Quarterly

The trend for the value of non-residential consents has fallen for the last three quarters, down 18 percent.

The quarterly trend series for the value of non-residential buildings is estimated without the removal of large value consents. The monthly trend series is estimated after the removal of consents valued at $25 million or more. However, Statistics New Zealand is reviewing this practice. The monthly series is available on request.

Annual

For the year ended March 2010, the value of non-residential building consents was $4,334 million, a 5.1 percent decrease compared with the March 2009 year. Seven of the 11 building types recorded decreases in the value of consents compared with the March 2009 year. The largest decreases were:

  • factories and industrial buildings, down $234 million
  • farm buildings, down $174 million
  • storage buildings, down $108 million.

The largest increases were:

  • social, cultural, and religious buildings, up $237 million
  • hospitals and nursing homes, up $140 million
  • education buildings, up $95 million.

 Graph, Value of non-residential buildings authorised, by building type (including alterations and additions), year ended March, 2008–10.

The three largest contributors to the value of non-residential building consents authorised for the March 2010 year were:

  • offices and administration buildings, at 23 percent
  • education buildings, at 16 percent
  • social, cultural, and religious buildings, at 15 percent. 

All buildings

In March 2010, the value of consents issued for all buildings was $873 million, an 18 percent increase compared with March 2009.

 Graph, Monthly values, including alterations and additions, 2008–10.    Graph, Annual values, including alterations and additions, year ended March, 2008–10.

 

For the year ended March 2010 compared with the year ended March 2009, the total value of consents issued for:

  • all buildings was $9,748 million, down $449 million (4.4 percent)
  • residential buildings was $5,415 million, down $218 million (3.9 percent)
  • non-residential buildings was $4,334 million, down $231 million (5.1 percent).

For technical information contact: 
Simon Petersen or Clara Eatherley
Christchurch 03 964 8700
Email: info@stats.govt.nz

Next release ...

Building Consents Issued: April 2010 will be released on 28 May 2010.

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